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Temu's Global Downloads Surpass 735 Million; SF Airlines and Etihad to Form Joint Venture; Amazon Launches New Supply Chain Services
Release Date：2024.09.20 Cate：News1. Temu Global Downloads Surpass 735 MillionOn September 20, it was reported that Temu's app has been downloaded over 735 million times, according to the latest data from Stocklytics. In August alone, Temu’s global downloads reached nearly 55 million, a 42% year-on-year increase. May, June, and July downloads also exceeded 50 million each, tripling those of Amazon. This has brought Temu’s cu
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SF Express Passes Listing Hearing; JD Logistics Opens Overseas Warehouse; FedEx Announces 2025 Rate Increase
Release Date：2024.09.19 Cate：News1.SF Holdings Plans to Raise Up to $2 Billion On September 19, SF Holdings announced that it is applying to issue H-shares and list on the Main Board of the Hong Kong Stock Exchange. The Hong Kong Stock Exchange listing committee has conducted a hearing on the company's application for this issuance. SF Holdings has successfully passed the listing hearing and is awaiting final regulatory app
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Jiacheng International raises nearly 790 million yuan;DHL to deploy 4 freighters in China;JD Logistics launches new overseas warehouse product
Release Date：2024.09.14 Cate：News1. Jiacheng International signs tripartite regulatory agreement for raised funds On September 14, it was announced that Jiacheng International had completed the public issuance of convertible corporate bonds totaling RMB 800 million. The net raised funds amounted to RMB 793,821,306.38. Jiacheng International, together with its subsidiary Guangzhou Dajin Supply Chain Management Co., Ltd., signed a
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DSV Acquires DB Schenker, Becoming the World's Largest Freight Forwarder; USPS Ends Rate Discounts for UPS and DHL!
Release Date：2024.09.13 Cate：News1. DSV Acquires DB Schenker for $15.4 BillionOn September 13, it was announced that, after a lengthy, multi-round bidding process, Danish logistics giant DSV has won the competition to acquire the rail logistics division of Deutsche Bahn's DB Schenker. The industry-shaking deal, worth approximately €14 billion (equivalent to $15.43 billion), is expected to have its initial contract signed in
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140,829 Square Feet! AURIC Adds a New Self-Operated Warehouse in Toronto
Release Date：2024.09.13 Cate：NewsWe are proud to announce that AURIC Worldwide Cargo's sixth self-operated warehousing center is officially in operation! Since its founding in 2015 by Andrew Campbell and Jessie Campbell, AURIC has rapidly risen to become a leader in the US-Canada logistics industry. With over 25,000 square meters of warehouse space across North America and handling more than 200 containers monthly, we have so
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Expanding Global Opportunities: Highlights from the 10th Cross-Border E-Commerce Supply Chain & Overseas Warehousing Conference and Key Cross-Border Platforms
Release Date：2024.09.13 Cate：NewsThese six themed sessions will form the 10th Cross-Border E-Commerce Supply Chain & Overseas Warehousing Conference. As global competition in e-commerce intensifies, this conference offers an invaluable platform for sellers to learn and exchange ideas. This year, the focus will be on utilizing the latest supply chain technologies and overseas warehousing strategies to help sellers capture and
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China Post, COSCO Shipping, and Others Listed Among China's Top 500 Enterprises; Temu's U.S. Sales in August Grow 37% Year-on-Year; SF Express Plans IPO in Hong Kong by End of September
Release Date：2024.09.12 Cate：News1. New Century Logistics Plans to Raise $6.25 Million On September 12, it was reported that New Century Logistics' latest prospectus shows that the company plans to issue 1.25 million shares at a price range of $4 to $5 per share, aiming to raise between $5 million and $6.25 million. Headquartered in Hong Kong, New Century Logistics is a provider of air and sea freight forwarding services, o
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J&T Express Secures Nearly 9 Billion Yuan in Financing; FedEx Expands Fulfillment Network; Cainiao to Launch Second Global eHub Construction
Release Date：2024.09.11 Cate：News1. J&T Express Secures Nearly 9 Billion Yuan in FinancingOn September 11, J&T Express announced that it had entered into financing agreements with several banks and financial institutions. The agreements include three loans: a USD 674 million (approximately RMB 4.797 billion) loan, a HKD 1.362 billion (approximately RMB 1.243 billion) loan, and a domestic and overseas RMB loan of approxima
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China Railway Materials and China Logistics Establish International Logistics Company; Major Boost for Overseas Warehouse 9810; Maersk's First Boeing 777F Maiden Flight
Release Date：2024.09.10 Cate：News1. China Railway Materials to Invest 15 Million RMB in a Joint Venture On September 10, China Railway Materials announced that the company, together with China Logistics Co., Ltd. and Qingdao SCO Holding Development Group Co., Ltd., will jointly invest in the establishment of Zhongwu SCO International Logistics Co., Ltd. The registered capital of the joint venture company is 50 million RMB, with C
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Official Announcement! For Big Ambitions, Choose a Big Warehouse – Xipost’s New Super Warehouse “WPPA2” is Now Operational
Release Date：2024.09.10 Cate：NewsWith the continuous wave of global trade, cross-border e-commerce is sweeping across the globe at an unprecedented pace. The market demand for medium and large-sized items such as furniture, home appliances, and fitness equipment is also growing rapidly. To meet this demand and help Chinese medium and large-sized goods reach international markets more efficiently, Xipost Logistics has officially l
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Latest Global Air and Sea Freight Market Report for September!
Release Date：2024.09.09 Cate：News1. Air Freight Market Global air cargo volumes in August slightly increased compared to the previous month and remained higher than the same period last year. Factors driving sustained demand growth include the boom in e-commerce, disruptions in sea freight, increased demand for general cargo driven by high-tech semiconductor needs, and a low base from the previous year. Despite mixed economic sig
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Breaking News! New Moves by SF Express and Cainiao Air Cargo! A Global Logistics Company Plans to Raise $10 Million in IPO!
Release Date：2024.09.09 Cate：News1. Cainiao and DPD Launch Two All-Cargo International Air Routes On September 9, it was reported that the inaugural ceremony for the Xi'an-Liège and Xi'an-Budapest all-cargo international air routes was held in Xixian New Area Airport New City. Liu Jun, Deputy Secretary of the Party Committee of the Airport New City Management Committee, Ren Wei, Deputy General Manager of Public Affairs a
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Mark Your Calendar for September 10! The 2024 Global Smart Logistics Summit is Coming!
Release Date：2024.09.06 Cate：NewsCurrently, with global economic restructuring, accelerated technological transformation, and significant geopolitical shifts, globalization has entered a new phase. How can we better adapt to and lead these trends amidst the restructuring of global supply chains? In this new wave of economic development, e-commerce and logistics supply chains continue to be powerful engines of innovation. As the h
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Amazon Ranked First in GMV in the First Half of the Year; TEMU Sparks New Price War; Northwest Cargo Airlines Launches New International Routes!
Release Date：2024.09.06 Cate：News1. Amazon Ranked First in GMV in the First Half of the YearOn September 6, according to public data compiled by Cross-Border Research, Amazon's Gross Merchandise Volume (GMV) for the first half of 2024 reached $350 billion, leading Shopify's $128.1 billion by a wide margin. Among China's four leading outbound e-commerce platforms, AliExpress and SHEIN both recorded GMVs of $30 billion;
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Top 25 Global Freight Forwarding Companies List Released; A Cross-Border Logistics Company Plans to List on Nasdaq; Pinduoduo and JD.com Among China's Best Brands for 2024
Release Date：2024.09.05 Cate：News1. Top 25 Global Freight Forwarding Companies List Released On September 5, Armstrong & Associates (A&A), a leading U.S. third-party logistics consulting company, released the top 25 global freight forwarding companies list. The ranking is based on the 2023 logistics companies’ total logistics revenue/turnover. The top ten companies are Kuehne+Nagel (1st), DHL (2nd), DSV (3rd), DB Schenk
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A Freight Forwarding Giant Officially Acquired; JD Global Sales Adds Three New Logistics Models; SF Holding Repurchases Shares Worth 1.56 Billion Yuan
Release Date：2024.09.04 Cate：News1. DP World Completes Acquisition of Jia Hong LogisticsOn September 4, it was reported that DP World has completed its acquisition of Hong Kong freight services provider Jia Hong Logistics to expand its retail and fashion logistics business and develop its air freight services. Before this acquisition, Jia Hong Shipping was wholly owned by Jia Hong Holdings, with Jia Hong Logistics being 75% owned
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Top 25 Global Air Cargo Companies List Released; Jiahe Logistics Completes CS Shipping Transaction; TEMU and SHEIN Handle Approximately 900,000 Parcels Daily in the U.S.
Release Date：2024.09.03 Cate：News1.Top 25 Global Air Cargo Companies List ReleasedOn September 3, it was reported that the IATA World Air Transport Statistics (WATS) released a report showing that in 2023, global demand measured in Cargo Tonne-Kilometres (CTKs) decreased by 1.7% compared to 2022 among the top 25 airlines, due to inflationary pressures reducing consumer spending. On the other hand, passenger airlines benefited fro
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SF Express Responds to Hong Kong IPO Progress; Amazon Experiences Warehouse Overload; China COSCO Shipping Corporation and Eastern Airlines Logistics Release 2024 Half-Year Reports
Release Date：2024.09.02 Cate：News1. SF Express Responds to Hong Kong IPO ProgressOn September 2, SF Express responded to the progress of its Hong Kong IPO. The company received approval from the China Securities Regulatory Commission (CSRC) at the end of May and resubmitted the A1 application to the Hong Kong Stock Exchange at the end of June, giving it some control over the timing. Due to the company's ample cash flow, the c
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Development of Cross-Border Direct Shipping Routes and Overseas Warehouses in Brazil
Release Date：2024.09.02 Cate：News1.Overview of the Development of Cross-Border Direct Shipping Routes in Brazil Before the launch of the Brazil cross-border Packet service under bilateral agreements, parcels bound for Brazil mainly utilized postal services under the UPU (Universal Postal Union) framework. This included services like China Post's ePacket, China Post Registered Airmail, and unregistered mail. Other postal servi
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SF Express Releases 2024 Semi-Annual Report; SHEIN Officially Enters the Market; Forward International's Data Increases by 236%
Release Date：2024.08.30 Cate：News1.SF Express Releases 2024 Semi-Annual Report On August 30, SF Express announced its semi-annual performance report for 2024. In the first half of 2024, SF Express achieved a revenue of RMB 134.41 billion, an increase of 8.08% year-on-year. Net profit attributable to shareholders was RMB 4.807 billion, up 15.10% year-on-year, with earnings per share reaching RMB 1.00, an increase of 16.28% year-on
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Jia You International's Net Profit Grows by 50% in the First Half of the Year; Kerry Logistics' Revenue Reaches HKD 25.4 Billion in the First Half; Amazon Plans to Accelerate Its Expansion in India
Release Date：2024.08.29 Cate：News1.Jia You International Discloses 2024 Semi-Annual Report On August 29, Jia You International disclosed its 2024 semi-annual report. During the reporting period, the company achieved a revenue of RMB 4.641 billion, a year-on-year increase of 65.27%. The net profit attributable to shareholders was RMB 759 million, up 50.74% year-on-year, while the net profit excluding non-recurring gains and losses
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The Four Main Service Models of Cross-Border E-Commerce Logistics
Release Date：2024.08.28 Cate：News1. Direct Shipping Logistics: The direct shipping model primarily serves sellers on e-commerce platforms like eBay, Wish, Joom, and AliExpress. The common logistics channels for this model are divided into three main categories: Commercial Express: For example, DHL, FedEx, UPS.- E-commerce Specialized Lines: For example, 4PX, YunExpress.Postal Channels: For example, China Post, foreign postal ser
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SF Airlines Launches New Cargo Route; SHEIN Opens Semi-Managed Sites in Five European Countries; UPS to Strictly Inspect Certain Packages
Release Date：2024.08.28 Cate：News1. SF Airlines Launches "Ezhou = Incheon" International Cargo Route On August 28th, SF Airlines launched the "Ezhou = Incheon" international cargo route with a B757-200 freighter taking off from Ezhou Huahu International Airport and arriving at Incheon International Airport in 2.5 hours. This marks the official opening of SF Airlines' first cargo route from Ezhou to South K
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DSV and CVC Bid €14 Billion to Acquire DB Schenker; 4PX Overseas Warehouse Becomes One of the First "Certified Warehouses" for SHEIN Semi-Fulfillment
Release Date：2024.08.27 Cate：News1.DSV Plans to Acquire DB Schenker for €14 BillionOn August 27, it was reported that Denmark’s DSV and a consortium led by CVC Capital Partners have each submitted acquisition bids for DB Schenker, valuing the company at approximately €14 billion. In addition to the €14 billion offer, the CVC-led group also proposed a bid as high as €16 billion. The German government may reinvest about €3 bi
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Temu Invites European Merchants; Huamao Logistics Reports 31% Revenue Growth; Sinotrans Establishes International Logistics Company
Release Date：2024.08.26 Cate：News1.Temu Officially Invites European Merchants to JoinOn August 26, it was reported that Temu has officially started inviting European merchants to register as sellers on its platform. Currently, Temu's sales platform is open to European users and offers European merchants a range of outsourcing options, including advertising and promotional services. Additionally, Temu provides "extensive
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Jiyuda Logistics Announces New Strategic Partnership；Lege Becomes an Officially Certified Warehouse for TEMU；J&T Express Aims to Align with Leading Companies in the Chinese Market
Release Date：2024.08.23 Cate：News1. Jiyuda Logistics Announces New Strategic Partnership On August 23, Jiyuda Global Logistics Co., Ltd., a leading provider of end-to-end supply chain solutions focused on cross-border logistics, announced a strategic partnership with Shenzhen Aimai Supply Chain Services Co., Ltd. Aimai is an industry leader in providing logistics and last-mile delivery services in emerging markets such as the U
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TEMU's Global Downloads Surpass 600 Million; UPS Imposes Overweight Fees on China-US Route Cargo; JCET International's Net Profit in the First Half of the Year Exceeds 100 Million!
Release Date：2024.08.22 Cate：News1. UPS Imposes Overweight Fees on China-US Route Cargo On August 22, it was reported that UPS announced that starting from September 15, it will impose an "overweight fee" of $0.25 per pound on goods imported to the United States from ten countries, including China. The fee for goods from mainland China, Hong Kong, and Macau will be doubled to $0.50 per pound. This fee is calculated base
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Following in Amazon's footsteps, can TEMU continue to surge in the U.S. by leveraging the 'de minimis' exemption?
Release Date：2024.08.21 Cate：NewsWith the rapid development of global e-commerce, tax policies have become a crucial battleground for competition among major platforms. Amazon once dominated the U.S. market by leveraging tax laws to keep product prices low, and now the Chinese e-commerce platform TEMU has established a foothold in the U.S. market by employing similar strategies. It can be said that the former planted the tree, an
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SF Express, PFW International, and others release new performance reports; Sinotrans increases its investment in air logistics; Jiyou International plans to establish a new company
Release Date：2024.08.21 Cate：News1. SF Express's International Business Grows by 32% in July On August 21, it was reported that SF Express released its July performance report. The combined revenue from SF Holding's express logistics, supply chain, and international businesses reached RMB 22.598 billion, an increase of 15.41% year-on-year. Among these, revenue from the express business reached RMB 16.228 billion, an incre
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J&T Express Reports First Positive Net Profit in the First Half of the Year; Huahu International Airport Completes "Air-to-Air Transfer"; TEMU Semi-Managed Services to Add Three New Locations
Release Date：2024.08.20 Cate：News1. J&T Express Releases 2024 Mid-Year Performance Report On August 20, J&T Express announced its 2024 mid-year performance report. The report reveals that J&T Group achieved revenue of $4.86 billion, representing a 20.6% year-on-year increase, and net profit of $30 million, marking the company's first profitable period. In the first half of the year, J&T handled 11.01 billion p
- 2024-09-20
- 2024-09-19
- 2024-09-14
